Russia Proposes Creation of Global Energy Market Regulator

MOSCOW, May 15 (RIA Novosti) – Russian Energy Minister Alexander Novak has floated the idea of creating a global energy market regulator that would keep its finger on the pulse of energy networks and compel participants to deliver on their contractual obligations.

“There is an urgent need for an adequate international institutional structure that would regulate international cooperation and form a set of tools for shaping the energy market,” Novak said Thursday at the 14th International Energy Forum. Continue reading